Ulster MEP rejects UK joining the Euro
01 December 2008
Following the claim by President Barroso that UK Government figures have confided a desire to join the Euro, Traditional Unionist MEP, Jim Allister, has slammed any such notion as a recipe for disaster.
Commenting Mr Allister said, "If the present economic crisis teaches us anything it is the imperative of keeping maximum economic control within our own hands. Being able to set our own interest rates, financial targets and trimming policy to suit our own needs would all be lost if we joined the Euro. We need less Europe, not more.
Even the experience of those countries which joined the Euro, in terms of inflation and unemployment, tells us we are right to stay out. And a glance across the border to the Republic of Ireland shows prices and bust which we can well do without. So, I unashamedly believe we must keep the pound and keep our destiny out of the hands of the European Central Bank."
